**THE OLD TALBOT HOUSE FOUNDATION** TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024 **Charity registration number 1170749** ## **THE OLD TALBOT HOUSE FOUNDATION** FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Charity registration number: 1170749 Registered office: Orchard House Holcombe Hill Holcombe Somerset BA3 5DJ Trustees: Reverend Paul Wright (Chair to 21/11/23) Mr Howard Benge (Chair from 21/11/23) Mrs. Louisa Evans Mr. Ian Hussein Mr. Colin Kerr Mr Jan Louagie Mr William De Vloo Bankers: Lloyds Bank, Reading ## **THE OLD TALBOT HOUSE FOUNDATION** TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024 **INDEX PAGE** Report of the Trustees 1 Statement of Financial Activities 3 Balance Sheet 4 Notes to the financial statements 6 ## **THE OLD TALBOT HOUSE FOUNDATION** TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024 REPORT OF THE TRUSTEES The charity was established through a Deed in December 2016, although there was no formal activity until September 2017. The Trustees present their report, together with the financial statements, for the period to 31 March 2024. ## **Principal activities** The charity has been established to support the Talbot House Association, in Poperinghe, Belgium, drawing on a capital transferred from the Toc H charity (which, itself, had historic links with Talbot House). During this period, the turnover of the charity was £6.0k (2023: £7.3k), being the interest accrued on capital transferred in September 2017 and donations received. The principal expenditure was on fundraising. ## **Directors** The Trustees in office during the year were: Reverend Paul Wright (Chair to 21/11/23) Mr Howard Benge (Chair from 21/11/23) Mrs Louisa Evans Mr Ian Hussein Mr Colin Kerr Mr Jan Louagie Mr William De Vloo Mr Hussein is Chair of the Talbot House Association (THA), in Belgium. Mr Louagie, Mr De Vloo and the Reverend Wright are also directors of THA. ## **Trustees’ responsibilities for the financial statements** Charity Law requires the Trustees to prepare financial statements for each financial period, which give a true and fair view of the state of affairs of the company. In preparing those financial statements, the Trustees are required to: Page 1 - Select suitable accounting policies and then apply them consistently - Make judgements and estimates that are reasonable and prudent The Trustees are responsible for keeping proper accounting records, for safeguarding the assets of the charity and for taking reasonable steps for the prevention and detection of fraud and other irregularities. ON BEHALF OF THE BOARD Howard Benge Mr. Colin Kerr Chair Treasurer 1 June 2024 Page 2 ## **THE OLD TALBOT HOUSE FOUNDATION** STATEMENT OF FINANCIAL ACTIVITIES YEAR TO 31 MARCH 2024 Note Restricted Funds Unrestricted Funds 2024 Total 2023 Total £ £ £ £ **Income from:** Donations 3 - **- -** 1,301 Investments 6,018 - 6,018 6,090 **Total income** 6,018 - 6,018 7,391 **Expenditure on:** Donations 4 1,204 - 1,204 - Cost of fundraising - 559 559 2,626 Depreciation 714 - 714 714 Insurance 375 - 375 185 Website hosting 240 - 240 240 Annual Report 700 - 700 - Consultancy fees - 100 100 - Trustees’ expenses 414 - 414 1,703 **Total expenditure 3,647** 659 4,306 5,468 **Net movement in funds** 2,371 (659) 1,712 1,923 Total funds Brought forward 187,235 (3,380) 183,855 181,932 **Total funds Carried forward** 189,606 (4,039) 185,567 183,855 The accompanying accounting policies and notes form part of these financial statements. Page 3 ## **THE OLD TALBOT HOUSE FOUNDATION** BALANCE SHEET AT 31 MARCH 2024 **Note 2024 2023 £ £ Fixed Assets** Information Technology 4 2,858 3,572 **Investments** Charities Investment Fund 163,000 163,000 **Current assets** Accrued income: investments 1,516 1,516 Prepayments 431 335 Cash at bank 17,762 19,228 TOTAL 19,709 21,079 **Creditors: amounts falling due within one year** Talbot House Association - 3,796 Creditors - - TOTAL - 3,796 **Net current assets** 19,709 17,283 **Total assets less current liabilities 185,567 183,855 The funds of the charity** Restricted funds 5 189,606 187,235 Unrestricted funds (4,039) (3,380) **Total Funds 185,567 183,855** For the year ended 31 March 2024, the Trustees have not required the charity to obtain an audit of its accounts for the year in question, in accordance with the Charities SORP. The Trustees acknowledge their responsibilities for complying with the requirements of the charity legislation with respect to accounting records and the preparation of accounts. These financial statements have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). The financial statements were approved by the Trustees on 1 June 2024. Page 4 Howard Benge The accompanying accounting policies and notes form an integral part of these financial statements. Page 5 ## **THE OLD TALBOT HOUSE FOUNDATION** NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ## **1 ACCOUNTING POLICIES** ## **Basis of preparation** The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). ## **Depreciation** From April 2021, IT infrastructure has been depreciated on a straight line basis over 7 years (14%). ## **2 TRUSTEES AND EMPLOYEES** The Trustees did not draw salaries. There were no employees. ## **3 DONATIONS RECEIVED** On September 12, 2017, £163,916 was paid to the charity by Toc H. ## **4 FIXED ASSETS** Website Cost £ At 1 April 2023 5,000 Additions - At 31 March 2024 5,000 Depreciation At 1 April 2023 1,428 Charge for the year 714 At 31 March 2023 2,142 **Net book value at 31 March 2024 2,858** **Net book value at 31 March 2023 3,572** Page 6 **THE OLD TALBOT HOUSE FOUNDATION** NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2043 **5 RESTRICTED FUNDS 2024 2023 £ £** Toc H Capital Transfer: 2017 189,606 187,235 Page 7